The Commerce Department has determined that imports of tool chests and cabinets from China and Vietnam are being dumped on the U.S. market at less than fair value.
The Commerce Department on Monday determined that imports of tool chests and cabinets from China and Vietnam are being dumped on the U.S. market at less than fair value.
In its China investigation, the department calculated a preliminary dumping rate of 168.93 percent for Geelong Sales (Macao Commercial Offshore) Ltd. and a 90.40 percent dumping rate for Tongrun Single Entity. All other Chinese producers and exporters of these products will receive a dumping rate of 168.93 percent.
In its Vietnam investigation, Commerce calculated a preliminary dumping rate of 230.31 percent for Clearwater Metal Single Entity. All other producers and exporters in Vietnam received a similar dumping rate.
As a result of the preliminary affirmative determinations, Commerce will instruct Customs and Border Protection (CBP) to require cash deposits based on these preliminary rates.
The petitioner is Waterloo Industries, which manufactures tool chests at its production facility in Sedalia, Mo.
In 2016, imports of tool chests and cabinets from China and Vietnam were valued at $230 million and $77 million, respectively.
Commerce is currently scheduled to announce its final antidumping determinations for these investigations in March 2018. If the department makes affirmative final determinations of dumping and the U.S. International Trade Commission (ITC) makes affirmative final injury determinations, Commerce will issue antidumping orders. If Commerce makes negative final determinations of dumping or the ITC makes negative final determinations of injury, the investigations will end and no antidumping duty orders will be issued.
Chinese, Vietnamese tool chests dumped on U.S. market
